Can I retire at age 54 with 1,950,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$161,029$159,595$158,195$156,829$155,496$151,675
2 years$79,717$78,233$76,794$75,399$74,046$70,220
3 years$52,617$51,126$49,691$48,309$46,978$43,267
4 years$39,070$37,583$36,162$34,804$33,505$29,937
5 years$30,943$29,466$28,063$26,733$25,470$22,055
6 years$25,527$24,061$22,679$21,378$20,153$16,895
7 years$21,660$20,206$18,847$17,576$16,390$13,289
8 years$18,761$17,320$15,983$14,744$13,597$10,651
9 years$16,508$15,081$13,767$12,559$11,451$8,658
10 years$14,706$13,293$12,002$10,826$9,757$7,114
11 years$13,233$11,834$10,566$9,422$8,391$5,894
12 years$12,006$10,621$9,377$8,264$7,271$4,917
13 years$10,969$9,599$8,378$7,296$6,341$4,123
14 years$10,081$8,725$7,528$6,477$5,558$3,473
15 years$9,312$7,970$6,797$5,776$4,894$2,936
16 years$8,639$7,313$6,162$5,172$4,325$2,490
17 years$8,047$6,735$5,607$4,647$3,835$2,116
18 years$7,520$6,223$5,119$4,188$3,410$1,803
19 years$7,050$5,768$4,686$3,784$3,039$1,538
20 years$6,627$5,359$4,300$3,427$2,715$1,315
21 years$6,245$4,992$3,956$3,110$2,430$1,125
22 years$5,899$4,660$3,646$2,828$2,178$964
23 years$5,583$4,358$3,366$2,575$1,955$826
24 years$5,293$4,084$3,113$2,349$1,757$709
25 years$5,027$3,832$2,883$2,145$1,581$609
26 years$4,782$3,602$2,674$1,961$1,424$523
27 years$4,556$3,390$2,483$1,795$1,284$449
28 years$4,346$3,194$2,308$1,645$1,159$386
29 years$4,151$3,013$2,148$1,508$1,046$332
30 years$3,969$2,846$2,001$1,384$945$286
31 years$3,800$2,690$1,865$1,271$855$246
32 years$3,641$2,545$1,741$1,169$773$212
33 years$3,492$2,410$1,625$1,075$700$182
34 years$3,352$2,285$1,518$989$633$157
35 years$3,221$2,167$1,420$910$574$135
36 years$3,097$2,057$1,328$838$520$117
37 years$2,980$1,953$1,243$772$471$100
38 years$2,870$1,856$1,164$712$427$87
39 years$2,765$1,765$1,091$656$387$75
40 years$2,666$1,679$1,022$605$351$64
41 years$2,572$1,599$958$559$319$55
42 years$2,483$1,523$899$515$289$48
43 years$2,398$1,451$844$476$262$41
44 years$2,317$1,383$792$439$238$35
45 years$2,240$1,319$744$406$216$31
46 years$2,166$1,258$698$375$196$26
47 years$2,096$1,200$656$346$178$23
48 years$2,029$1,146$617$320$162$20
49 years$1,965$1,094$580$296$147$17
50 years$1,904$1,045$545$273$134$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,950,000, adding $4,567 every year, while hoping to spend $30,655 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 48/23/29 Blend
53$1,950,000$1,950,000$1,950,000$1,950,000
54$2,153,611$2,050,261$2,020,036$2,238,946
55$2,340,662$2,118,107$2,055,090$2,367,375
56$2,545,766$2,188,250$2,090,292$2,503,413
57$2,770,730$2,260,770$2,125,613$2,650,567
58$3,017,548$2,335,751$2,161,024$2,809,904
59$3,288,413$2,413,278$2,196,493$2,982,595
60$3,585,743$2,493,441$2,231,988$3,169,932
61$3,912,201$2,576,332$2,267,472$3,373,333
62$4,270,721$2,662,047$2,302,907$3,594,363
63$4,664,533$2,750,686$2,338,253$3,834,742
64$5,097,196$2,842,351$2,373,466$4,096,366
65$5,572,634$2,937,150$2,408,500$4,381,321
66$6,095,165$3,035,192$2,443,307$4,691,904
67$6,669,549$3,136,594$2,477,835$5,030,645
68$7,301,029$3,241,474$2,512,029$5,400,330
69$7,995,383$3,349,955$2,545,831$5,804,027
70$8,758,975$3,462,165$2,579,180$6,245,116
71$9,598,817$3,578,238$2,612,009$6,727,317
72$10,522,636$3,698,311$2,644,250$7,254,732
73$11,538,943$3,822,527$2,675,831$7,831,874
74$12,657,119$3,951,034$2,706,675$8,463,719
75$13,887,496$4,083,985$2,736,699$9,155,745
76$15,241,461$4,221,541$2,765,819$9,913,987
77$16,731,559$4,363,866$2,793,944$10,745,096
78$18,371,615$4,511,133$2,820,978$11,656,396
79$20,176,861$4,663,519$2,846,821$12,655,957
80$22,164,078$4,821,209$2,871,367$13,752,669
81$24,351,761$4,984,395$2,894,505$14,956,328
82$26,760,286$5,153,276$2,916,116$16,277,726
83$29,412,107$5,328,058$2,936,078$17,728,752
84$32,331,965$5,508,956$2,954,260$19,322,506
85$35,547,123$5,696,193$2,970,526$21,073,423
86$39,087,623$5,889,999$2,984,731$22,997,404
87$42,986,566$6,090,615$2,996,725$25,111,975
88$47,280,429$6,298,288$3,006,349$27,436,441
89$52,009,408$6,513,279$3,013,436$29,992,076
90$57,217,793$6,735,855$3,017,812$32,802,322
91$62,954,391$6,966,295$3,019,292$35,893,007
92$69,272,984$7,204,889$3,017,683$39,292,594
93$76,232,837$7,451,937$3,012,784$43,032,441
94$83,899,256$7,707,752$3,004,383$47,147,106
95$92,344,207$7,972,658$2,992,255$51,674,667
96$101,646,989$8,246,992$2,976,170$56,657,082
97$111,894,991$8,531,104$2,955,881$62,140,589
98$123,184,510$8,825,358$2,931,132$68,176,134
99$135,621,661$9,130,131$2,901,656$74,819,860
100$149,323,380$9,445,817$2,867,171$82,133,632